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What conditions of a bond issuance does a discount arise

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Reference no: EM132560237

Question 1. Under what conditions of a bond issuance does a discount arise?

Question 2. How are discounts reported on the face of the financial statements?

Question 3. Describe the two methods of amortizing a discount.

Question 4. Why does GAAP find the effective-interest method of discount amortization preferable?

Reference no: EM132560237

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